AQR Capital Management LLC Has $665,000 Holdings in Astec Industries, Inc. (NASDAQ:ASTE)

AQR Capital Management LLC lifted its holdings in Astec Industries, Inc. (NASDAQ:ASTE) by 53.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,404 shares of the industrial products company’s stock after acquiring an additional 7,771 shares during the period. AQR Capital Management LLC owned approximately 0.10% of Astec Industries worth $665,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ASTE. Lazard Asset Management LLC acquired a new position in shares of Astec Industries in the first quarter valued at about $66,000. GAMMA Investing LLC lifted its holdings in shares of Astec Industries by 32.0% in the first quarter. GAMMA Investing LLC now owns 1,646 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 399 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Astec Industries in the 1st quarter valued at approximately $85,000. Northwest Investment Counselors LLC bought a new position in Astec Industries during the 1st quarter worth approximately $98,000. Finally, SG Americas Securities LLC bought a new stake in shares of Astec Industries in the 1st quarter valued at $116,000. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Astec Industries Stock Performance

Shares of ASTE stock opened at $31.94 on Monday. Astec Industries, Inc. has a 12 month low of $28.46 and a 12 month high of $46.68. The company has a current ratio of 2.50, a quick ratio of 1.04 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $727.11 million, a PE ratio of 29.30 and a beta of 1.27. The firm has a fifty day simple moving average of $31.83 and a two-hundred day simple moving average of $33.95.

Astec Industries (NASDAQ:ASTE) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.11). The business had revenue of $345.50 million for the quarter, compared to analysts’ expectations of $332.35 million. Astec Industries had a negative net margin of 0.18% and a positive return on equity of 6.56%. Astec Industries’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share.

Astec Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 12th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Monday, August 12th. Astec Industries’s payout ratio is 47.71%.

About Astec Industries

Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services.